| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $4.0B | — | -17.7% | — |
| Op. Income | $698M | $1.0B | — | -30.7% | — |
| Gross Margin | 23.9% | 27.8% | — | -3.9pp | — |
| Net Margin | 16.7% | 5.1% | — | 11.7pp | — |
| EPS (Diluted) | $2.07 | $0.76 | — | 172.4% | — |
| Free Cash Flow | -$18M | $246M | — | -107.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $781M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $698M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $668M |
| Income Tax Expense | $120M |
| Net Income from Continuing Ops | $548M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $548M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $548M |
| D&A | $148M |
| EBIT | $721M |
| EBITDA | $869M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $781M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $698M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $668M |
| Income Tax Expense | $120M |
| Net Income from Continuing Ops | $548M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $548M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $548M |
| D&A | $148M |
| EBIT | $721M |
| EBITDA | $869M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $548M |
| Depreciation & Amortization | $148M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $50M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$704M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $87M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $77M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.2B |
| Other Current Assets | $476M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $6.5B |
| Goodwill | $143M |
| Intangible Assets | $35M |
| Long-Term Investments | $1.0B |
| Tax Assets | $306M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $1.6B |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $11.5B |
| Retained Earnings | -$801M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $2.6B |
| Net Debt | $1.4B |
